JP Morgan’s Shares Bought by Warren Buffett as He Ramps up Bets for Financials
Jamie Dimon who over a period of years has been the chief executive officer of JP Morgan have been praised publicly by an 88 years old investor Warren Buffett which is quite notable. But is not in possession of the stock. A huge fan of Dimon’s yearly letter, Buffett mistake of not investing in the bank’s stock was evident from what he told Yahoo finance’s editor- in chief earlier this year.
“I should have (invested),” this was said by Buffett at the time “very obviously. I mean, it’s been a terrifically run operation. And it was very cheap, just like a number of others were.”
Moreover, at some point, Berkshire added to its position in bank of America (BAC) and Goldman Sachs (GS) by twenty-nine percent and thirty-eight percent, respectively. Also, Berkshire summed up 198.24 million sh...